The Trend Magic indicator is an ATR-based trend line that uses CCI to control its upward and downward movement
Basic Trading Signals
Buy Signal: Go long when the ascending line of the Trend Magic indicator turns green with price aligned fairly above.
Sell Signal: Go short when the descending line of the Trend Magic indicator turns red with price positioned slightly below.
Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the line of the Trend Magic indicator turns red.
Exit sell trade: Close all sell orders if while a bearish trend is running, the line of the Trend Magic indicator changes to green.
Tips: The line colors of the Trend Magic indicator can be changed to suit your visual representation on the chart window.
Traders can also adjust the CCI and ATR variable found within the indicator’s inputs parameter setting for a more personalized user-experience.